New Delhi, Sept. 24 -- India needs to reduce its dependence on oil and gas and accelerate the shift towards renewable energy as energy security assumes greater importance amid changing global circumstances, said.Pankaj Agarwal, Secretary-Ministry of Power.

Speaking at the FICCI Indian Power Sector Conference on "Building A Reliable, Flexible And Market-Ready" power system, Agarwal said recent developments around the Strait of Hormuz had reinforced the need to move away from oil and gas wherever possible, making renewable energy a key component of India's energy security.

"Today's outlook after Hormuz, we have to accept that we need to move away from oil and gas wherever we can. There is a limit to it. Sun, wind, biomass, maybe nuclear a...